Kobe Steel to Increase Capital Investments 77% in Fiscal 2006.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Apr 25, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Kobe Steel Kobe Steel, Ltd. (株式会社神戸製鋼所 , Ltd. plans capital investments of 110 billion yen in fiscal 2006, ending March 31, 2007, up 77% from the estimated 62 billion yen in fiscal 2005. Most of the investments will be in the Iron & Steel segment and the Aluminum and Copper segment. The projects are focused on remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling a blast furnace blast furnace, structure used chiefly in smelting. The principle involved in this means of extracting metals is that of the reduction of the ores by the action of carbon monoxide, i.e., the removal of oxygen from the metal oxide in order to obtain the metal. for the stable production of steel products and improving the manufacturing capabilities for "Only One" upper-end products to increase the competitiveness of the company. Other investments will cover labor-savings and necessary repairs and maintenance work. Construction costs and outlays (parent only) (in billions of yen) FY2005 (estimated) FY2006 (planned) % of change Construction costs 62 110 77% Iron & Steel only 43 84 95% Outlays 54 88 63% Iron & Steel only 38 63 66% Depreciation 52 57 Iron & Steel only 35 41 Note: Iron & Steel segment figures are a subset of each category. FY2006 Investments by segment (parent only, construction cost basis) (in billions of yen) FY2005 (estimated) FY2006 (planned) Iron & Steel 43 84 Aluminum & Copper 10 14 Others 9 12 Total 62 110 Main projects The main projects for fiscal 2006 are as follows:
Iron & Steel Segment
Kakogawa Works
Project: Refurbishing of No. 2 blast furnace
Products: Steel sheet, plate, wire rod
Amount in FY2006: 35 billion yen
Total investment: 40 billion yen
Construction period: September 2004 - March 2007
Kobe Works
Project: New construction of No. 5 continuous caster
Product: Specialty steel
Amount in FY2006: 3.9 billion yen
Total investment: 8.5 billion yen
Construction period: April 2004 - August 2006
Kobe Works
Project: Upgrading of Bar Mill to improve product quality
and inspection
Product: Specialty steel
Amount in FY2006: 1 billion yen
Total investment: 1 billion yen
Construction period: November 2005 - March 2007
Aluminum & Copper Segment
Moka Plant
Project: Upgrading of No. 1 cold rolling mill to increase
rolling speed
Product: Aluminum sheet
Amount in FY2006: 700 million yen
Total investment: 1.4 billion yen
Construction period: April 2005 - February 2007
Moka Plant
Project: Switchover to city gas
Product: Aluminum flat products
Amount in 2006: 800 million yen
Total investment: 800 million yen
Construction period: April 2006 - January 2007
Chofu Plant
Project: Upgrading of cold temper rolling mill
Product: Copper sheet
Amount in 2006: 300 million yen
Total investment: 1.8 billion yen
Construction Period: October 2005 - April 2007
Reference Information Capital investment in previous 10 years (in billions of yen) Fiscal years Construction costs Outlays Depreciation 1996 66.0 76.0 76.8 1997 57.0 47.0 76.1 1998 77.0 69.0 74.1 1999 56.0 69.0 71.8 2000 57.0 40.0 69.2 2001 43.9 51.3 65.7 2002 24.0 25.0 61.4 2003 35.8 33.1 56.5 2004 46.2 35.3 54.8 2005 (estimated) 62.0 54.0 52.0 2006 (planned) 110.0 88.0 57.0 About Kobe Steel, Ltd. Kobe Steel, Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 5406; OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : KBSTF) manufactures screw screw, simple machine consisting essentially of a solid cylinder, usually of metal, around which an inclined plane winds spirally, either clockwise or counterclockwise. , centrifugal centrifugal /cen·trif·u·gal/ (sen-trif´ah-gal) efferent (1). cen·trif·u·gal adj. 1. Moving or directed away from a center or axis. 2. and reciprocating compressors A reciprocating compressor is a compressor that uses pistons driven by a crankshaft to deliver gases at high pressure.[1] [2] The intake gas enters the suction manifold, then flows into the compression cylinder where it gets compressed by a piston - the only company in the world that produces all three types of compressors. In addition, it is the only company with a compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve capable of handling 100 Bar pressure. Kobe Steel has an estimated 30% share of the world market for screw compressors and leads the industry with its outstanding technical expertise. In addition to a wide array of industrial machinery and engineering services, Kobe Steel is one of the leading steelmakers and producers of aluminum and copper products in Japan. Other businesses include wholesale power supply, construction machinery, real estate, and electronic materials. For more information on Kobe Steel, please visit: www.kobelco Kobelco could mean:
Source: Kobe Steel, Ltd. Contact: Gary Tsuchida Publicity Group Kobe Steel, Ltd. Tel: (03) 5739-6010 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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